Sales Tax rates for Petroleum Products effective from 1st May 2016
SRO 369(I)2016 is a Sales Tax SRO dated 29 April 2016, listed by FBR as "Sales Tax rates for Petroleum Products effective from 1st May 2016".
FBR publishes this SRO as scanned images, so the text below was transcribed by Qanoon Digest from the page images, with tables set out as tables. Check the official PDF before relying on any wording or figure.
Page 1
GOVERNMENT OF PAKISTAN
MINISTRY OF FINANCE, ECONOMIC AFFAIRS,
STATISTICS AND REVENUE
(REVENUE DIVISION)
Islamabad, the 29th April, 2016.
NOTIFICATION
(SALES TAX)
S.R.O. 369(I)/2016.- In exercise of the powers conferred by clause (b) of sub-section (2) and sub-section (6) of section 3 of the Sales Tax Act, 1990, the Federal Government is pleased to direct that the following further amendment shall be made in its Notification No. S.R.O. 57(I)/2016, dated the 29th January, 2015, namely:-
In the aforesaid Notification, for the existing Table, the following shall be substituted, namely:-
"TABLE
| S. No. | Description | PCT heading | Rate |
|---|---|---|---|
| (1) | (2) | (3) | (4) |
| 1. | Motor spirit excluding HOBC | 2710.1210 | Rs. 9.89 per litre |
| 2. | HOBC | 2710.1210 | Rs. 10.65 per litre |
| 3. | Kerosene | 2710.1911 | Rs. 3.60 per litre |
| 4. | High speed diesel oil | 2710.1931 | Rs. 25.16 per litre |
| 5. | Light diesel oil | 2710.1921 | Rs. 3.38 per litre". |
- This notification shall take effect on and from the 1st May, 2016.
[C.NO. 1/42-STB/2012)]
(Dr. Muhammad Irshad)
Additional Secretary
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